## UGC NET Mock Test 23 on Commerce – 20 Questions for Practice

#### Take Test 23 20 questions for Practice – Commerce Test 23

1. Total Revenue (TR) function and the Total Cost (TC) function of a perfectly competitive market firm are as follows: TR = 480 Q – 8 Q2 TC = 400 + 8 Q2 The profit maximizing output would be:
a.
b.
c.
d.

2. From a population with a mean of 220 and standard deviation of 30, a sample of 36 was drawn at random. Calculate the standard error of the sampling distribution and choose the correct answer from the following options.
a.
b.
c.
d.

3. Which one of the following is not a property of indifference curve?
a.
b.
c.
d.

4. Which one(s) of the following statements is (are) correct with respect to Decision Support System (DSS)? (i) It (DSS) is used by middle level management. (ii) DSS applies to mostly structured problems. (iii) DSS relies on mathematical models for analysis. (iv) DSS is largely heuristics based.
a.
b.
c.
d.

5. Given below are two statements, one labelled as Assertion (A), and the other labelled as Reason (R). Select the correct answer using the code given below: Assertion (A): Strategies necessarily need to be changed over time to suit environmental changes. Reason (R): To remain competitive, organisations develop those strategies that create value for customers.
a.
b.
c.
d.

6. When a partnership is dissolved and the following claims need to be met out piece-meal of the cash released, which is the correct sequence in which these claims have to be met? (a) Any partner’s loan (b) Capital and Current account balances (c) Expenses of dissolution (d) Outsider’s claim (both payable and accrued)
a.
b.
c.
d.

7. Which type of the complaints are not to be entertained by Consumer Forums under the Consumer Protection Act, 1986?
a.
b.
c.
d.

8. A committee of six people is to be formed from a group of seven men and four women. What is the probability that the committee will have exactly two women?
a.
b.
c.
d.

9. Which one of the following is not the basic assumption of Cardinal Utility analysis?
a.
b.
c.
d.

10. Which of the following is an ethical behaviour of a manager?
a.
b.
c.
d.

11. According to the Law of Variable Proportions, the second stage of production ends when ____?
a.
b.
c.
d.

12. Which of the following is suggested by Blake and Mouton as the best leadership behaviour?
a.
b.
c.
d.

13. The main difference between marginal costing and absorption costing lies in the treatment of ____?
a.
b.
c.
d.

14. For a hypothesis test, alpha (α) is 0.05 and beta (β) is 0.10. The power of this test is ____?
a.
b.
c.
d.

15. Which of the following is not applicable to responsibility accounting?
a.
b.
c.
d.

16. Which of the following items is not an appropriation of profit for a limited company?
a.
b.
c.
d.

17. Which of the following is not true about proactive planning?
a.
b.
c.
d.

18. Which of the following is a WTO procedure to promote globalisation?
a.
b.
c.
d.

19. In practice, accountants consider revenue from sales if a transaction meets the following condition(s):
a.
b.
c.
d.

20. Which of the following is not a characteristic of non-programmed decisions?
a.
b.
c.
d.

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